Bush Asks Congress to Give $700 Billion to Banks
George W. Bush made a very Democratic Party move today.
The President asked the Congress to give $700 billion to the Wall Street banks that are basically in incredibly deep shit.
Bush called it a “big solution to a big problem”.
This “big solution” would be the biggest federal business bailout since the Great Depression.
It’s kinda’ funny, Bush in a way admitted that the “Republican” way of letting the market “sort itself” out can’t fix a big problem.
If Bush’s request is passed by Congress, the $700 billion that would go to the banks is your money, taxpayers.
Basically, if Wall Street isn’t bailed out big time, our economy would be screwed and even more people would be out of work.
Guess we’ll just have to wait and see how Congress responds to Bush’s request.
They’ll probably say yes, and the democrats are gonna’ have a wild time shoving this in the republicans faces.
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